vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft / Key word(s): Change of
Personnel/Change in Forecast
05.02.2013 19:54
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Changes on the Management Board
- Earnings corridor for fiscal year 2012
Frankfurt a. M., February 5, 2013 - Management Board member Albrecht Kiel
announced today that he planned to resign from his position on the
Management Board of vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft
(vwd AG) effective February 28, 2013. The resignation is being submitted in
connection with the acquisition of vwd AG by Vienna GmbH, a member of the
Carlyle Group, and the delisting that will be a component of this takeover.
The responsibilities of Mr. Kiel will be assumed by Mr. Edmund Keferstein.
Mr. Kiel will serve as an adviser to the company through June 30, 2013. The
Supervisory Board expressed its gratitude to Mr. Kiel for the exceptional
work he did on the Management Board. It wishes him much success in his new
professional endeavors.
On February 5, 2013, the Supervisory Board of vwd AG relieved Mr. Spencer
Bosse of his duties on the Management Board effective immediately and also
terminated his employment contract effective immediately. Mr. Bosse's
responsibilities will be assumed by Management Board member Dr. Ralf
Kauther.
Considerable costs must be considered in 2012 as a result of the
termination of the Management Board contracts and the changes related to
this action. The vwd group's annual results for 2012 will be affected to a
large degree by these actions. It is possible that the announced target
corridor for earnings of EUR 8.9 million to EUR 9.6 million will be missed.
The annual report for fiscal year 2012 is expected to be released on March
21, 2013.
The Management Board
vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft
05.02.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft
Tilsiter StraÃe 1
60487 Frankfurt am Main
Germany
Phone: +49 (0)69 50701-316
Fax: +49 (0)69 50701-114
E-mail: cscharf@vwd.com
Internet: http://www.vwd.com
ISIN: DE0005204705
WKN: 520470
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: vwd Vereinigte Wirtschaftsdienste Aktiengesellschaft: - Changes on the Management Board - Earnings corridor for fiscal year 2012
| Source: EQS Group AG